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Wednesday, April 20, 2016

Sevier County Economic Update

Sevier County ended 2015 with its best employment performance of the post-recession era. Job growth in the final quarter of the year remained moderate with most industries contributing to the improvement. The county’s unemployment rate has flattened in the last two years holding below the national average while first-time claims for unemployment insurance show no signs of business-cycle layoffs. In addition, construction permit values are up. While gross taxable sales appear to have taken a tumble, business investment expenditures accounted for most of the decline. All in all, the county’s indicators point to the healthiest economy in years.

• Nonfarm jobs in Sevier County grew by 2.5 percent between the December 2014 and December 2015, an addition of more than 200 jobs.

• Most industries joined in the job growth phenomenon with the largest gains occurring in healthcare/social services and leisure/hospitality services.

• In contrast, both trade and local government lost a notable number of positions.

• Sevier County’s jobless rate has changed little over the past two years.

• In March 2016, the county’s unemployment rate measured 4.3 percent, nestled between the national (5.0 percent) and the statewide (3.5 percent) figures.

Utah Employment and Wages - search industry employment and wage data compiled by reports that are submitted by employers to the Utah UI program.

Publications - As part of a cooperative agreement with the Bureau of Labor Statistics, we provide the public with the data and analyses that we collect in a variety of mediums about the labor market in Utah.